Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 38,125 shares of the Internet television network's stock after selling 1,770 shares during the period. Segall Bryant & Hamill LLC's holdings in Netflix were worth $35,553,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Halbert Hargrove Global Advisors LLC increased its holdings in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Brown Shipley& Co Ltd bought a new stake in Netflix during the fourth quarter worth about $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter worth about $32,000. Copia Wealth Management acquired a new position in Netflix during the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. raised its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on NFLX. TD Cowen upped their price objective on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday. Wells Fargo & Company increased their target price on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. Loop Capital restated a "hold" rating on shares of Netflix in a report on Tuesday. Needham & Company LLC restated a "buy" rating and set a $1,500.00 price target on shares of Netflix in a report on Friday. Finally, Guggenheim restated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,269.09.

Netflix Price Performance

NASDAQ NFLX traded down $60.14 during mid-day trading on Friday, hitting $1,214.04. The stock had a trading volume of 6,495,676 shares, compared to its average volume of 3,786,297. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. The firm's 50 day moving average is $1,231.20 and its 200 day moving average is $1,058.57. The stock has a market capitalization of $516.66 billion, a price-to-earnings ratio of 57.36, a PEG ratio of 2.26 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 EPS for the quarter, beating the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 EPS. The company's quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the sale, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,179,614.58. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director directly owned 79,040 shares of the company's stock, valued at $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,723 shares of company stock worth $223,307,201. Insiders own 1.37% of the company's stock.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.